Thomson Reuters Forecasts Higher Silver Prices

Mineweb reported that Thomson Reuters GFMS is expecting silver prices to reach just over $40 in 2012.

As quoted in the market news:

Philip Klapwijk, global head of metals analytics for Thomson Reuters GFMS, said the group’s short-term forecast is that silver will trade between $28.70 to $32.90 per ounce in the second quarter, broadly shadowing gold.

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